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The South African government lifted the moratorium on fracking on 7 September, opening the way for exploration of what's been sold as a massive shale gas resource beneath the beautiful, sparsely populated Great Karoo. Fracking (short for hydraulic fracturing) is a...
Three oil companies, Royal Dutch Shell, Falcon Oil & Gas, and Bundu Oil & Gas, see massive opportunities in the exploration of natural gas trapped in the underground shale formations in the Karoo, a semi-desert area in South Africa. The Karoo is a sparsely...
Virtually unknown only a couple of years ago, shale gas has become a very controversial issue. Considered the new oil, thousands of wells have to be drilled and fracked, contaminating millions of litres of water, to extract what is called ‘unconventional gas’. This...
In the eye of the storm: the debt crisis in the European Union (7/7)In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint...